Terra Classic Price Analysis 15/06: LUNC Price Gains Bullish Momentum Correcting the Recent Dip – Investor Bites

SNEAK PEEK

• Terra Classic (LUNC) is trading on bullish market sentiment.
• LUNC face resistance at the $0.0001015 level.
• Support for LUNC is present at $0.00009092.

The latest Terra Classic price analysis shows that the price of LUNC has been increasing in value since its recent dip. The bulls are back in action as the market sentiment shifted to a bullish one. The coin has been trading above the $0.0001000 level, which could be a key psychological barrier for the bulls in their effort to continue their upward trajectory.

The crypto asset is trading at $0.00009733, up 1.75% in the past 24 hours. The bulls have managed to defend the $0.00009000 level, and they could be aiming to push the price above the $0.0001015 level, which could act as immediate resistance for them. However, the support level is still intact at $0.00009092 as the asset kicked off corrective moves.

The 24-hour trading volume has also increased considerably realizing a gain of more than 60 percent. The volume of trades is now hovering around $110,731,972 as per the CoinMarket Cap data. This shows a positive sign for the bulls as they could be trying to take advantage of the current market sentiment and push the prices higher.

On the 4-hour chart, the price of Terra Classic is trading above the ascending trendline which further supports the bullish momentum. The trendline is heading far upward and the bulls must keep up the pace if they are to breach the critical $0.0001015 level, which could open more possible resistance zones.

The hourly technical indicators are also supporting the current bullish momentum. The MACD and RSI signals both indicate that there is more upside potential for LUNC in the short term. The Relative Strength Index is sloping to the north above the neutral region with a value of 56.25. If the current trend holds, the RSI might move into the overbought territory.

The Moving Average Convergence Divergence (MACD) indicator is also giving bullish sentiments with both the MACD line and signal line heading north above the zero line, indicating a strong buying pressure in the market. The MACD value stands at 0.0000143. Moreover, the exponential moving average (EMA) has a value below the current price level. This shows that the buying pressure is enough to bring LUNC to higher price levels.

Overall, the Terra Classic (LUNC) price analysis suggests that the bulls are back in action and pushing for more gains. The current market sentiment is bullish with strong support present around $0.00009092. However, if the buyers manage to push the price above the $0.0001015 level, more gains could be on the cards in the near future.

Disclaimer: Cryptocurrency price is highly speculative and volatile and should not be considered financial advice. Past and current performance is not indicative of future results. Always research and consult with a financial advisor before making investment decisions.

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• Source: https://investorbites.com/terra-classic-lunc-price-analysis-15-06/